Tax Season 2021 starts Feb. 12. The backlog for paper returns is large and likely to grow, so anyone. The IRS received roughly 16 million paper individual returns last year and as of Dec. 25 had a backlog of 6.9 million unprocessed individual returns.
President-elect Joe Biden is preparing to unveil an emergency relief plan Thursday evening to combat the coronavirus and deliver direct aid to American families, with a major focus on boosting vaccine production and delivery as the pandemic continues its rampage.
Biden ran for president on a campaign of raising taxes on the wealthy, corporations and estates, expanding tax credits for modest earners and exempting individual taxpayers making less than $400,000 from tax increases. Biden wants to use the extra money to pay for a far-reaching domestic agenda, with new spending on health care, infrastructure, low-income schools and combating climate change initiatives.